Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Papua New Guinea Kina/British Pound (FOREX:PGKGBP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PGKGBP
The long term trend has been DOWN since Jan 31st, 2019 at 0.227475
The intermediate term trend has been UP since Apr 21st, 2019 at 0.227250
The short term trend has been UP since May 16th, 2019 at 0.229900
Smart Scan Analysis for PGKGBP
Based on a pre-defined weighted trend formula for chart analysis, PGKGBP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).